Powered by SAP HANA, SAP Cost and Revenue Allocation for Financial Products enables banking and insurance companies to maintain and execute complex allocation models in order to create the data foundation for flexible, near real-time, high-speed Profitability Analysis of Insurance and Banking Products. The solution is based on a preconfigured Finance & Risk Data Model and provides a configurable framework to create allocations down to single contract/coverage level.
It supports the following scenarios:
Modeling of cost and revenue allocation models based on fine granular data, e.g. individual contract level
Execution of allocation models to create a detailed multi-dimensional data foundation as the basis for further processes such as:
Reporting and Analysis
Simulation and what-if analysis
Planning
Measurement
The solution supports integration of various data sources, such as:
ERP data
Core banking data
Planning data
Actuarial /Risk data
SAP Cost and Revenue Allocation for Financial Products comes with preconfigured calculation and data models (sample content), which shows the capabilities of the solution in an integrated environment and allows easy adaptation by the business department.
The following sections explain the main concepts, components and functions of the solution.